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Bina Goodyear Bhd (XKLS:7023) Long-Term Capital Lease Obligation : RM0.00 Mil (As of Mar. 2014)


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What is Bina Goodyear Bhd Long-Term Capital Lease Obligation?

Bina Goodyear Bhd's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2014 was RM0.00 Mil.

Bina Goodyear Bhd's quarterly Long-Term Capital Lease Obligation increased from Sep. 2013 (RM0.00 Mil) to Dec. 2013 (RM0.39 Mil) but then declined from Dec. 2013 (RM0.39 Mil) to Mar. 2014 (RM0.00 Mil).

Bina Goodyear Bhd's annual Long-Term Capital Lease Obligation stayed the same from Jun. 2011 (RM0.00 Mil) to Jun. 2012 (RM0.00 Mil) but then increased from Jun. 2012 (RM0.00 Mil) to Jun. 2013 (RM0.41 Mil).


Bina Goodyear Bhd Long-Term Capital Lease Obligation Historical Data

The historical data trend for Bina Goodyear Bhd's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bina Goodyear Bhd Long-Term Capital Lease Obligation Chart

Bina Goodyear Bhd Annual Data
Trend Jun06 Jun07 Jun08 Jun09 Jun10 Jun11 Jun12 Jun13
Long-Term Capital Lease Obligation
Get a 7-Day Free Trial - - - - 0.41

Bina Goodyear Bhd Quarterly Data
Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14
Long-Term Capital Lease Obligation Get a 7-Day Free Trial Premium Member Only Premium Member Only - 0.41 - 0.39 -

Bina Goodyear Bhd  (XKLS:7023) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Bina Goodyear Bhd Long-Term Capital Lease Obligation Related Terms

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Bina Goodyear Bhd (XKLS:7023) Business Description

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Bina Goodyear Bhd together with its subsidiaries operates as a construction and building contractor in Malaysia. It is also engaged in the rental of construction equipment & machinery.

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